Pros:

1. It is of lightweight and can be easy moved around.
2. It gives users high quality stream up to 1080p60
3. It is compatible with a wide range of camera
4. It give users real time feedback about the quality of the video
5. Since one connects to the system directly, there's no worry about exhausting the camera memory as the files are being stored directly on the system
6. Compatible with HDMI which outputs more quality

Cons:

1. It can easily get missing for its size.